A near empty calendar day in Europe

The dollar was lightly softer in trading yesterday but key levels are still holding for the most part. With the Fed in focus, markets may not gather too much conviction until we get to the main event tomorrow.

Major currencies are little changed on the day, not hinting at much ahead of European morning trade. US futures are slightly softer after a mixed showing yesterday, also not looking in the mood until we get to the Fed decision. The bond market remains a pivotal spot to watch with key levels in play as outlined here. But we may not get any meaningful action until after the FOMC meeting.

Steve Walker

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